Nigeria’s foreign debt service reached $5.47 billion in 14 months, increasing pressure on external reserves and fiscal stability, says CBN.

Despite ongoing challenges at AMCOM, the organisation revealed that it has recovered over N2.1 trillion in debts

Tesla has cautioned that it may face retaliatory tariffs, which could affect its operations and global market position.

Sources indicate Russia is increasingly using cryptocurrencies for oil trade as it navigates international financial restrictions.

The US Export-Import Bank approved a $5 billion loan for TotalEnergies’ Mozambique gas project, paving the way for its restart.

Nigeria and Jamaica have advanced discussions to create a direct air link under BASA agreement, strengthening diplomatic and economic relations.

Dangote Refinery has imported US, Algerian, and Angolan crude to supplement domestic supply and boost production rates.

Mercedes has collaborated with Chinese lidar firm Hesai to enhance smart vehicle technology for international markets.

ENNPC has said Nigeria secured $17bn in FDI post-PIA passage, urging more investment in the oil and gas sector.

South Korea-Nigeria trade jumped by 38.6%  to $2.2 billion in 2024, with Korea pledging stronger security and investment partnerships.

Heineken Lokpobiri has defended oil deregulation, saying Nigerians are already benefiting from fairer prices and increased investments.

PETROAN supports multiple petroleum supply sources, including imports, to enhance competition, prevent monopolies, and ensure stability in Nigeria’s downstream sector.

FIRS plans to boost Nigeria’s tax-to-GDP ratio by implementing an e-invoicing system to enhance transparency and curb revenue losses.

The US stock market has lost $4 trillion in value as President Trump moves ahead with his tariff policies.

NNPC has clarified that its naira-for-crude contract with Dangote Refinery was a six-month agreement to expire in March 2025.  

The Body Shop has launched its first West African store in Abuja, highlighting UK-Nigeria trade and ethical business values.

Nigeria spent N930bn on fuel imports in February despite increased refining output from local refineries.

CBN raised N2.72 trillion in Treasury Bills in two months, reflecting an 8.6% decline from the previous year.

Nigeria’s total trade surged to N36.6tn in Q4 2024, with imports rising and trade surplus shrinking, NBS reports

NNPC and FIRST E&P have confirmed major hydrocarbon discovery in Songhai Field, OML 85, boosting Nigeria’s oil production potential.